IEA: Prospect of oil at $150 a barrel demands green investment - 10 Nov 2011 - News from BusinessGreen
World is heading down an 'insecure, inefficient and high-carbon' path, international body warns
Oil prices could skyrocket to over $150 a barrel owing to a lack of infrastructure investment and unrest in the Middle East and Africa, according to the world's energy watchdog, which has again stressed the urgent economic case for decarbonising the global economy.
The Paris-based International Energy Agency (IEA) warned that the world is heading down an "insecure, inefficient and high-carbon" path, and called for a significant increase in green investment.
World is heading down an 'insecure, inefficient and high-carbon' path, international body warns
Oil prices could skyrocket to over $150 a barrel owing to a lack of infrastructure investment and unrest in the Middle East and Africa, according to the world's energy watchdog, which has again stressed the urgent economic case for decarbonising the global economy.
The Paris-based International Energy Agency (IEA) warned that the world is heading down an "insecure, inefficient and high-carbon" path, and called for a significant increase in green investment.
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